Taka Loan/Baobab Instant Loan: Loan App In Nigeria For Urgent Cash?

In need of an instant loan or an emergency cash loan in Nigeria? You can apply through Taka Loan or any of the top loan apps and get funded in under 3 hours, a few more hours or within 24 days. No hidden charges, no collaterals needed with our list of reputable loan apps in Nigeria. One of such reputable emergency loan platforms is Taka loan.

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TAKA Loan is a nano loan designed for urgent and emergency cash if you are a Nigerian and live in Nigeria and. It is immediately available in the branch for customers will just have to go there and be disbursed. You can however apply for Taka loan through their website or app on Google Play even immediately you apply to become a customer.

The platform claims to grant Taka loan up to 150,000 NG over a period of 2 weeks to 1 month maximum for individuals applying for emergency emergency cash loan. The faster you repay, the faster you can get a new Taka loan with a higher amount, it says.

You can also apply for quick cash loans from other platforms apart from taka loan or baobab business loans in case it becomes necessary.

However if you are a business owner, you can apply for Baobab Loans bigger loan amounts from Baobab. The funds can be used to grow and expand your business.

We should also add that if you are a Nigerian or non Nigerian but resident in United States (USA), you can apply for an emergency cash advance loan even if you have a poor or bad credit rating.

Taka Loan, Baobab Instant Loan: Can This Loan App Deliver Urgent Loan In Nigeria?
Taka Loan/Baobab Instant Loan: Can This Loan App Deliver Urgent Loan In Nigeria?

The following are the different categories of Baobab loans that can be obtained from Baobab Microfinance Bank.

Mini Micro Loan
Micro Loan
Micro+ Loan
SME Loan
Cross and Group guarantee loan
Asset Finance

To Apply for a Taka Loan, CLICK HERE.

To apply for a Baobab business loan for higher amount, CLICK HERE.

Frequently Asked Questions About Taka Loan And Baobab Business Loans


Yes! You can pay your TAKA loan before the due date at any time in a BAOBAB branch. If you pay back within 15 days, the amount of your next TAKA will be higher.


No, check your eligibility and disburse your Taka loan without moving to a branch.


You go to the nearest Baobab point to make a deposit on your account, telling the operator that it is for the refund of your Taka. The taka loan has no monthly payment, you are supposed to repay the full loan plus the interest before term. A SMS confirmation will follow the refund.


There is no interest rate or fees. The refund will be done just with a commission of 6%.

Frequently Asked Questions (FAQs) On Instant Loan In Nigeria

Who can help me with money urgently in Nigeria?

There are many instant loan apps that can help you with money in Nigeria. They include Carbon, Page Financials, Taka loan from Baobab, Money in minutes, Migo loan, Branch and Quick Check.

How can I instantly borrow money?

You can instantly borrow money by by clicking here. and applying through any of the loan apps featured.

Which of Nigeria bank that gives loan without collateral?

There are many Nigerian banks that can give loans and disburse cash immediately without collateral. They are found in the link attached. Simply click and apply.

How can I get a 15000 instant loan?

You can get N15,000 instant loan by applying through any of the following instant loan apps in Nigeria. Carbon, Money In Minutes, Quick Check, Migo. Click the link here for more instant loan apps that can grant you N15,000 cash loan.immediately. And remember not to fall into the hands of any fake loan apps in Nigeria when applying on any platform.

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About the Author: Femi Adeoya

Mr Femi Adeoya is a Chartered Forensic Accountant and a Certified Fraud Examiner. He has over 20 years professional work experience in accounting, finance and business management processes. As an Accounting Software Expert, he has implemented and supervised accounting solution set up of over 50 small and medium businesses in Nigeria. As a passionate blogger, Mr Adeoya is an ardent writer and communicationist. He is the CEO of QUICK LOAN ARENA (quickloanarena.com), the number 1 loan apps review website in Nigeria. He is very passionate about the quick and instant loan industry in Nigeria and has written over 200 reviews on different loan apps and digital banks in Nigeria, USA, Canada and UK.

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